The paper proposes a simple unified model for the diffusion of defaults across financial institutions and presents some measures for evaluating the risk imposed by a bank on the system. So far the standard contagion processes might not incorporate some important features of financial contagion. © Springer-Verlag Italia 2013.
CITATION STYLE
Demange, G. (2013). Diffusion of defaults among financial institutions. New Economic Windows, 13, 3–17. https://doi.org/10.1007/978-88-470-2553-0_1
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